The Hackett Group (NASDAQ:HCKT) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of The Hackett Group (NASDAQ:HCKT) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, BidAskClub reports.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of The Hackett Group from a sell rating to a hold rating in a research report on Wednesday. TheStreet downgraded shares of The Hackett Group from a b rating to a c+ rating in a research report on Tuesday, December 3rd. Finally, Barrington Research cut their price target on shares of The Hackett Group from $22.00 to $20.00 and set an outperform rating on the stock in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The Hackett Group currently has a consensus rating of Buy and an average price target of $20.00.

The Hackett Group stock traded down $0.01 during trading hours on Thursday, reaching $15.52. 710 shares of the company’s stock traded hands, compared to its average volume of 131,455. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.98 and a current ratio of 1.98. The Hackett Group has a fifty-two week low of $14.53 and a fifty-two week high of $19.57. The firm has a market capitalization of $460.11 million, a price-to-earnings ratio of 14.64, a PEG ratio of 1.34 and a beta of 0.66. The firm’s 50 day moving average is $15.77 and its 200-day moving average is $16.30.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $72.64 million during the quarter, compared to analyst estimates of $73.16 million. The Hackett Group had a net margin of 7.45% and a return on equity of 21.32%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. Analysts predict that The Hackett Group will post 0.85 EPS for the current year.

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be given a $0.18 dividend. This represents a dividend yield of 2.4%. This is an increase from The Hackett Group’s previous Semi-Annual dividend of $0.17. The ex-dividend date is Thursday, December 19th. The Hackett Group’s dividend payout ratio (DPR) is currently 33.96%.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of The Hackett Group by 21.6% in the 2nd quarter. BlackRock Inc. now owns 2,626,276 shares of the business services provider’s stock valued at $44,096,000 after acquiring an additional 466,793 shares during the period. Trigran Investments Inc. increased its stake in The Hackett Group by 1.0% during the 2nd quarter. Trigran Investments Inc. now owns 1,636,275 shares of the business services provider’s stock worth $27,473,000 after purchasing an additional 16,549 shares in the last quarter. Wasatch Advisors Inc. increased its stake in The Hackett Group by 36.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,490,198 shares of the business services provider’s stock worth $25,020,000 after purchasing an additional 397,529 shares in the last quarter. Vanguard Group Inc. increased its stake in The Hackett Group by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,467,507 shares of the business services provider’s stock worth $24,640,000 after purchasing an additional 11,330 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in The Hackett Group by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,094,244 shares of the business services provider’s stock worth $18,372,000 after purchasing an additional 38,800 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

About The Hackett Group

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

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